11327 Bell RdSurprise, AZ 85378

  • Commercial real estate
  • 0.14 AC
For Sale
$1,995,000 View listing

Property Details for 11327 Bell Rd

Lot size
0.14 AC
Zone code
C-2
Property type
Commercial real estate
APN
200-57-935A
APU
20057935A

Description

This exceptional 7,035-square-foot medical office building presents a compelling investment opportunity in Surprise, Arizona. Located at 11327 W Bell Rd, zip code 85378, this multi-tenant property boasts three tenants, generating current income. Constructed in 2001, the building is situated on a C-2 zoned lot in Maricopa County and offers ample parking with a 4:1,000 ratio. One building is currently vacant, providing an owner-user opportunity or potential for increased rental income. The property features prominent monument signage, enhancing visibility and accessibility. The asking price is $1,995,000. This well-maintained building offers a strong return on investment for both owner-users and investors seeking a stable, income-producing asset in a thriving Arizona market. The property's strategic location and medical office designation make it an attractive option for healthcare professionals and investors alike. The building's size and layout are ideal for a variety of medical practices, offering flexibility and adaptability to meet diverse needs. The existing tenant base provides a solid foundation for future growth and profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,714,670
    6.5%
    $1,582,770
    7%
    $1,469,710
  • Comparable approach

    Method
    Valuation
    Relative Method
    $973,457
    Geo Method
    $973,457
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,068,690
    Retail / Commercial
    $1,582,890
    Mixed-Use / Specialty
    $1,584,560
    Hospitality / Lodging
    $1,172,070
    Office
    $1,582,770
    Institutional / Educational
    $1,649,920
    Residential Income
    $1,930,410
    Multifamily
    $2,274,670
    Automotive / Energy
    $1,414,220
    Parking / Income-Based Land
    $480,802
    Restaurant / Food Service
    $839,755
    Healthcare / Senior Housing
    $1,617,440

Location Insight

City
Surprise
County
Maricopa
State
Arizona
Latitude
33.6379
Longitude
-112.304
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$469
-
-
$14,966
-
$90,700
-
$90,700

FAQs

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